Back to top

Why DCT Industrial Trust (DCT) is a Promising Bet Right Now

Read MoreHide Full Article

At present, the operating environment for industrial sector looks promising. Amid muted supply, demand is increasing from all sectors and markets. This is likely to push up the demand for Denver, CO-based real estate investment trust (“REIT”) DCT Industrial Trust Inc. (DCT - Free Report) .
Per a news by, demand is being generated from not only e-commerce retailers and traditional retailers, but also from conventional consumption-orientated companies. Alongside this positive market developments, robust fundamentals of this Zacks Rank # 2 (Buy) have brightened DCT Industrial Trust’s prospects.

DCT Industrial Trust delivered an average positive surprise of 5.18% over the trailing four quarters. The stock has a dividend yield of 2.6%. Year to date, the company recorded a price increase of 20.58%, whereas this increase for the Zacks categorized REIT and Equity Trust-Other industry was only 0.33% during the same time period.

This stock is also witnessing positive estimate revisions, reflecting investors’ bullish view on the stock. For 2016, the Zacks Consensus Estimate moved up 4 cents to $2.23 for 2016 and 3 cents to $2.36 for 2017, over the past 30 days.

Some other favorably ranked stocks in the same space include Seritage Growth Properties (SRG - Free Report) , Duke Realty Corporation (DRE - Free Report) and American Tower Corporation (AMT - Free Report) . All these stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Seritage Growth Properties’ current-quarter estimates have moved up 1.7% over the past one month to 59 cents.

Duke Realty’ current-quarter estimates have moved up 3.3% over the past one month to 31 cents.

Current-quarter estimates for American Tower Corporation remained unchanged at $1.43 over the past month.

Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.

Zacks’ Best Private Investment Ideas

In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?

Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>

More from Zacks Analyst Blog

You May Like